Posts Tagged ‘new rail car demand’

New Rail Car Orders Up 50% in 4th Quarter 2021

February 1, 2022

New rail car orders rose 50 percent in the fourth quarter of 2021 when compared with the same period of 2020, the Railway Supply Institute said.

However, the backlog of rail car orders also rose by 14 percent as deliveries remained relatively flat.

RSI said the increase in orders in the fourth quarter was the largest since the fourth quarter of 2018.

Rail car manufacturers delivered 8,161 rail cars in the fourth quarter compared with 6,216 delivered in the same period in 2020.

The backlog in rail car deliveries now stands at 42,993 rail cars. That includes 102 net cancellations, most of which are boxcars.

Covered hopper cars accounted for 33 percent of the fourth quarter orders.

Rail Car Orders Lagged in the 3rd Quarter

October 26, 2019

Rail car builders continue to produce new cars at a robust pace, but new orders are lagging, which the American Railway Car Institute said is evidence of a softer rail market.

During the third quarter of 2019 there were 7,315 rail-car orders placed, which was below the 11,754 cars ordered in the second quarter of this year and substantially less than the 24,972 cars ordered in the third quarter of 2018.

Car deliveries in the third quarter fell 7 percent to 14,571 cars from the 15,623 cars delivered in the second quarter, but rose 30 percent from the 11,221 cars delivered in the third quarter of 2018.

The rail-car backlog of 58,127 units on Oct. 1, was the lowest level since the second quarter of 2011 the ARCI said.

The Oct. 1 figure compares with 69,227 cars on July 1 and 73,076 cars on April 1.

The ARCI is part of the Railway Supply Institute.

Demand for New Rail Cars Falling

July 2, 2016

Falling coal and crude oil traffic has resulted in falling demand for new freight cars.

Economic Planning Associates said it expects a 33 percent decline in 2016 of new car deliveries.

train image2The group had earlier estimated the 30,000 new tank cars would be deliver, but has lowered that to 20,000 due to weakening railcar demand in the first quarter of the year.

There is now a backlog of 95,038 freight cars the group said.

“The railroads will shoulder a heavy commodities burden this year,” EPA said. “Coal and petroleum loadings have faltered considerably this year and will be slow in recovery. Intermodal traffic has also been weak. On a brighter side, we expect some improvement in grain, motor vehicles and chemical movements as we proceed through 2016 and into 2017.”

Demand for cars to haul coal is virtually nonexistent. Most of the 400 steel-bodied hopper cars ordered in the first quarter are ticketed to carry ore and aggregates.

No aluminum-body cars to haul coal were ordered.

EPA described the current energy environment as sluggish at best.